The NBS also said that it had decreased the weighting of food prices on the CPI by 2.21 percentage points, while increasing the living costs by 4.22 percentage points following a surge in the nation's home prices.

New loans by state-owned banks in China totaled 1.2 trillion yuan ($182.3 billion) by January 24, more than double the amount lent in December 2010, the China Business News reported.

The People’s Bank of China (PBOC) increased reserve rates for banks seven times in the past 12 months and hiked interest rates thrice since October.

TradingEconomics.com2/15/2011 11:34:25 AM

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